Wexford Capital LP Invests $374,000 in American Homes 4 Rent (NYSE:AMH)

Wexford Capital LP acquired a new position in shares of American Homes 4 Rent (NYSE:AMH - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the real estate investment trust's stock, valued at approximately $374,000.

Several other large investors also recently modified their holdings of the company. Two Sigma Advisers LP bought a new position in shares of American Homes 4 Rent in the fourth quarter valued at $311,000. Tidal Investments LLC lifted its stake in shares of American Homes 4 Rent by 2.8% in the fourth quarter. Tidal Investments LLC now owns 16,926 shares of the real estate investment trust's stock valued at $633,000 after buying an additional 469 shares in the last quarter. State of Wyoming lifted its stake in shares of American Homes 4 Rent by 88.0% in the fourth quarter. State of Wyoming now owns 12,726 shares of the real estate investment trust's stock valued at $476,000 after buying an additional 5,958 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of American Homes 4 Rent by 6.8% during the fourth quarter. Toronto Dominion Bank now owns 44,224 shares of the real estate investment trust's stock valued at $1,655,000 after purchasing an additional 2,814 shares in the last quarter. Finally, Siemens Fonds Invest GmbH bought a new position in shares of American Homes 4 Rent during the fourth quarter valued at about $932,000. 91.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMH shares. StockNews.com raised shares of American Homes 4 Rent from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Barclays raised their price target on shares of American Homes 4 Rent from $37.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Royal Bank of Canada raised their price target on shares of American Homes 4 Rent from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Morgan Stanley raised shares of American Homes 4 Rent from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $39.00 to $40.00 in a research report on Friday, January 24th. Finally, Raymond James raised their price target on shares of American Homes 4 Rent from $39.00 to $43.00 and gave the company an "outperform" rating in a research report on Friday, May 9th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, American Homes 4 Rent currently has an average rating of "Moderate Buy" and a consensus price target of $40.86.

American Homes 4 Rent Price Performance

AMH opened at $38.79 on Tuesday. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of 35.92, a PEG ratio of 3.56 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $36.81 and a 200-day moving average price of $36.50. American Homes 4 Rent has a twelve month low of $31.68 and a twelve month high of $41.41.

American Homes 4 Rent (NYSE:AMH - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.01. The firm had revenue of $459.28 million during the quarter, compared to the consensus estimate of $449.00 million. American Homes 4 Rent had a net margin of 23.86% and a return on equity of 5.33%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. Equities analysts expect that American Homes 4 Rent will post 1.85 EPS for the current year.

American Homes 4 Rent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.20 annualized dividend and a dividend yield of 3.09%. American Homes 4 Rent's payout ratio is 111.11%.

Insider Transactions at American Homes 4 Rent

In related news, Director Jack E. Corrigan purchased 4,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was acquired at an average price of $23.42 per share, with a total value of $93,680.00. Following the purchase, the director now directly owns 12,000 shares in the company, valued at approximately $281,040. This represents a 50.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sara H. Vogt-Lowell sold 42,500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $39.01, for a total transaction of $1,657,925.00. Following the completion of the transaction, the chief accounting officer now directly owns 99,214 shares of the company's stock, valued at approximately $3,870,338.14. This represents a 29.99% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.32% of the company's stock.

American Homes 4 Rent Company Profile

American Homes 4 Rent operates as a real estate investment trust. It engages in the acquisition, renovation, leasing, and operating of single-family homes as rental properties. The company was founded by Bradley Wayne Hughes, Sr. on October 19, 2012 and is headquartered in Las Vegas, NV.

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